Brief: Viacomcbs Announces Offerings Of Class B Common Stock And Mandatory Convertible Preferred Stock

Paramount Global

22/03/2021 20:23

March 22 (Reuters) - ViacomCBS Inc  VIACA.O :
    * VIACOMCBS ANNOUNCES OFFERINGS OF CLASS B COMMON STOCK AND
MANDATORY CONVERTIBLE PREFERRED STOCK
    * VIACOMCBS INC - COMMENCED OFFERINGS OF $2.0 BILLION OF
CLASS B
COMMON STOCK & $1.0 BILLION OF ITS SERIES A MANDATORY
CONVERTIBLE PREFERRED STOCK
    * VIACOMCBS INC - INTENDS TO USE COMBINED NET PROCEEDS FROM
OFFERINGS FOR GENERAL CORPORATE PURPOSES, INCLUDING INVESTMENTS
IN STREAMING

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